Baltimore County, Md., to sell $255 million of G.O. bonds on Tuesday

By Sheri Kasprzak

New York, Nov. 10 - Baltimore County, Md., is scheduled to bring to market $255 million of series 2011 general obligation bonds on Tuesday, according to a preliminary official statement.

The offering includes $85 million of metropolitan district bonds and $170 million of consolidated public improvement bonds.

The metropolitan district bonds are due 2013 to 2042. The consolidated public improvement bonds are due 2013 to 2032.

The bonds will be sold competitively with Public Resources Advisory Group as the financial adviser.

Proceeds will be used to redeem commercial paper bond anticipation notes, which were initially issued to construct, acquire and renovate water supply, sewerage, drainage systems, waterway improvements, operational buildings, community improvements, parks and recreational facilities and elderly affordable housing.

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